Vancouver B.C., August 25, 2015 - Regal Resources Inc. (RGR.CSE) (the "Company" or "Regal") is updating the status of its Sunnyside Project located in Coronado National Forest, Arizona (the "Project").
In conjunction with the approval by the United States Forest Service ("USFS") of the Company's operational plan for the Project in April 2015 (the "Operational Plan"), the USFS imposed an annual seasonal drilling moratorium on the Project extending from March 1 to September 30 to ensure that the breeding season of certain species of wildlife is not disturbed.
Subsequent to the USFS' approval of the Operational Plan, two environmental activist groups applied to the United States District Court for the District of Arizona (the "Court") for an order to set aside such approval. Although the Company is confident that the USFS decision to approve the Operational Plan will be upheld and the Company will be permitted to commence drilling activities in accordance with the approved Operational Plan, the Court has not yet provided its ruling on the matter. If the ruling is not issued before the expiry of the moratorium on September 30, there is a possibility that the activist groups will seek an injunction to prevent the Company from undertaking any drilling activities on the Project pending delivery of the Court's decision.
About Regal Resources Inc. (www.regalresinc.com):
Regal Resources Inc. is a junior mineral exploration and development company based in Vancouver, Canada. The Company is focused on the development and acquisition of copper projects in the prolific copper producing state of Arizona. The Company is currently focused on its advanced exploration copper/silver property, the Patagonia/Sunnyside project, located near Nogales, Arizona. Regal is listed on the Canadian Securities Exchange (CSE) under the symbol (RGR).
For further information please contact:
Gregory M Thomas
Drew N Brass
This news release contains certain statements that may be deemed "forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "optimistic", "projects", "possibility", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors should change.
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